Browsing: Cobalt and Nickel in Tanzania

Nickel prospects Lobito railway corridor

US extends 1,300Km rail to tap into Tanzania’s nickel riches

Industry and Trade
  • The 1,300Km of railway from Zambia to Tanzania will be completed by 2029.
  • The US, UK, and others sign MoU to develop the Lobito railway project.
  • Top nickel producer Lifezone Metals secures project tender.

Nickel prospects in Tanzania have spurred the US to extend the Washington-backed Zambia-DRC railway project to the East African nation, creating a strategic link between West and East Africa. Helaina Matza, the US acting special coordinator for the Partnership for Global Infrastructure and Investment has announced US plans to expand its West and Central Africa railway project to the shores of the Indian Ocean through Tanzania.

Known as the Lobito Corridor, this US-funded railway project that originally ran from Angola to Zambia through the Democratic Republic of the Congo (DRC) envisions adding 1,300 kilometers of railway from Zambia to Tanzania and is slated to be completed in just five years, by 2029.

Former Deputy Chairperson of …

Supply Chain market in Africa poised to join the global market

Why it’s time for Africa to become global supply chain hub

Investing
  • Africa has huge potential to power global supply chains for automobiles, handsets, food, renewable energy, and healthcare.
  • The value of the African supply chain finance market rose by 40% between 2021 and 2022, reaching $41 billion.
  • Africa has at least a fifth of the world’s reserves in a dozen metals critical for the energy transition.
  • African countries need to capitalize on their comparative advantages and bolster technology adoption, improve logistics and leverage trade agreements.

Riding on its key comparative advantage of driving green transition globally, Africa can become a new hub for international supply chain, including for technology intensive industries. However, to realize this ambition, the ball lies principally in the court of policymakers in Africa and businesses to position the continent at an advantage.

These revelations are contained in the new United Nations Conference on Trade and Development (UNCTAD) Economic Development in Africa Report 2023 released on 16th

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